The 2026-27 Budget: Community College Facilities

Mar 17, 2026 - The other $87  million was for the construction phase of a previously approved student housing project. This EdBudget table lists all of the Proposition 2 projects funded in 2025-26. Districts Have Submitted Many New Project Proposals for 2026-27.
https://lao.ca.gov/Publications/Report/5159

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - By most measures, the global financial crisis was more severe than the dot-com crash. The state 's unemployment rate, for example, peaked at 7 percent following the dot-com crash but reached nearly double that during the financial crisis and remained elevated for much longer.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - By most measures, the global financial crisis was more severe than the dot-com crash. The state 's unemployment rate, for example, peaked at 7 percent following the dot-com crash but reached nearly double that during the financial crisis and remained elevated for much longer.
https://lao.ca.gov/LAOEconTax/article/Detail/852

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - After the dot-com bust and the Great Recession, it took four and five years, respectively, for revenues to recover. Incorporating revenue risk into the budget now, therefore, reflects prudence, not pessimism.
https://lao.ca.gov/Publications/Report/5104

Oversight of certain public benefit artificial intelligence (AI) companies. [Ballot]

Jan 20, 2026 - The measure would have the following major fiscal effects: Increased state costs that would likely be in the tens of millions of dollars annually to establish and operate a new regulatory commission overseeing certain public benefit AI com panies.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - For California, the dot ‑com era —when stocks rose and then fell precipitously in response to widespread adoption of the internet —offers the most salient example. The internet has proven to be a transformative technology and, yet, the stock market ’s initial reaction was clearly overly exuberant.
https://lao.ca.gov/Publications/Report/5091

Rethinking California's Reserve Policy

Apr 10, 2025 - In March of 2004, on the heels of the dot ‑com bust, voters passed Proposition  58, which created the Budget Stabilization Account (BSA). In the 2006 ‑07 budget, the Legislature deposited $472  million into the BSA and in 2007 ‑08 deposited $1.5  billion.
https://lao.ca.gov/Publications/Report/5028

The 2025-26 Budget: Community College Facilities

Mar 18, 2025 - Based on the system ’s most recent five-year capital outlay plan, these sites have a combined 87  million square feet of building space. This includes both academic space (such as classrooms, laboratories, libraries, and faculty offices) and nonacademic space (such as parking structures, bookstores, and cafeterias).
https://lao.ca.gov/Publications/Report/5017

The 2025-26 Budget: College of the Law, San Francisco

Mar 10, 2025 - It estimates core operating costs total $87  million, while it anticipates core revenues totaling $84  million. Recent salary enhancements and the hiring of additional lecturers and staff primarily drive the operating deficit.
https://lao.ca.gov/Publications/Report/5014

The 2025-26 Budget: California State Library

Mar 7, 2025 - By 2023-24, special funds covered an estimated 13  percent of costs, while General Fund support covered 87  percent. Increasing the Witkin Law Library ’s Portion of Appellate Fee Revenue Has Trade-Offs.
https://lao.ca.gov/Publications/Report/5013